Hey guys. Just to clear up a little misunderstanding I've got. There's something I don't quite understand and it is what happens after people hodl coins and altcoins.
So, we all say that hodling is better than trading, yeah? And I think the only way to earn from cryptocurrency is by exchanging it for fiat currency, right? Meaning, the hodling is just for the value to increase over a while and then you still trade it right?
And for the altcoins, after buying altcoins, what happens if no one wants to buy them from you? You know a lot of altcoins aren't all that popular so how do people even sell off their altcoins? Can you even hodl altcoins?
The worst thing that can happen when investing in altcoins is when the altcoins are not in the market anymore, it happens on new coins or coins coming from hype and shilling so to avoid this do not buy coins that come from the hype, if there is no buyer of the altcoins that you're holding then you have loss your investment.
I don't recommend holding altcoins for a long time, there should be a point that you dump it when the market price is crashing.